NA vocab.

Front

Section of the economy producing livestock, poultry, fish, and crops, vital for food security.

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Agriculture Industry

Front

A business that works for customers and occasionally provides goods, but doesn't manufacture. Ex: Doctors, teachers, plumbers.

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Service Industry

Front

Engages in transforming goods, materials, or substances into new products through physical, chemical, or mechanical processes. Often has plants or factories for public goods.

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Manufacturing Industry

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Types of retail: supermarkets, department stores, chain stores, specialty stores, online merchants, door-to-door sellers. They buy from wholesalers and sell to consumers.

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Retail Industry

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Interaction between sellers and buyers of a resource; higher demand leads to less supply and increased prices, while less demand leads to more supply and decreased prices. Find the equilibrium point.

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Supply and Demand

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Economic system with private business competition and minimal state control.

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Free Enterprise System

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Regulation system ensuring political power isn't concentrated, keeping entities in check.

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Checks and Balances

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Federal legislature of Canada at Parliament Hill, Ottawa, includes the monarch (via Governor General), Senate, and House of Commons.

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Parliament (Canadian)

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Proceeding granting citizenship to a foreigner

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Naturalization

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Status of a citizen with rights and duties

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Citizenship